BLZUSDT Breakout and Consolidation Point to Potential Upswing

2 Eyl 2023

Have been tracking the movements of BLZUSDT keenly, and recent events have made the coin even more intriguing. It will be interesting for you to know BLZUSDT recently showcased significant bullish intent.

The price successfully broke free from its prior descending structure, signaling a potential change in market structures. But instead of aggressive continuation, we've observed a consolidation phase. The price seems to be using the previously established downtrend line as a solid base of support.

Our immediate focus should be on the potential pullback to the trendline in the form of ABC correction. The consolidation above this trendline presents an ideal setup for a bullish continuation. The key zone to keep an eye on? The 'BULL AREA OF INTEREST.' It’s noteworthy how the price has held its ground at the immediate resistance level.

Underpinning this entire setup is the 'Major Demand Area.' It’s a robust support zone that BLZUSDT hasn't shown any signs of breaking. This gives our bullish outlook a strong base. Our charts and analysis provide a clear target, which we've marked out for your convenience. As always, aligning with targets helps in planning entries and exits effectively.

However, as with all trades, risk management is paramount. And if this analysis offers you any value, do drop a like - it's our fuel to keep going!

Thank you for your continued support and engagement. Stay sharp, trade safe!

14 Eyl 2023

İşlem aktif

Price approaches strong supply zone, we should exercise patience here to see how it behaves.

31 Eki 2023

İşlem aktif

BLZ failed to hit our entry area but since then been firing up, price approaching important level of supply zone, keep an eyes on this area.

14 Ara 2023

İşlem aktif

17 Ara 2023

İşlem kapandı: hedefe ulaştı

Approaches setup Target

5 Haz 2024

İşlem aktif

BLZ price is rallying strongly after breaking out of a falling wedge. We anticipate further upside movement as indicated on the chart, with the immediate demand area presenting buying and re-buying opportunities.